Tax increaseIn effectSocial security and healthcareNational

0.2-point rise in the general scheme old-age contribution on 1 January 2006

Decree No. 2005-1657 of 26 December 2005 amends Article D. 242-4 of the Social Security Code: the old-age contribution rates on capped earnings of 16.45%, 8.20% and 6.55% become 16.65%, 8.30% (employer share) and 6.65% (employee share). For agricultural employees (Rural Code art. D. 741-35), the rates of 15.15%, 7.20% and 6.55% become 15.45%, 7.30% and 6.65%. The decree applies to pay from 1 January 2006.

Measure originators

InitiatorGVT

Xavier Bertrand

Gouvernement

Impact on public finances

No official estimate found for this measure.

Effective date

1 January 2006

Measure impact

On wages paid from January 2006, the capped old-age contribution rises by 0.1 point for employees (6.65%) and 0.1 point for employers (8.30%) in the general scheme, with similar rises for agricultural employees.

Official references

Law number: Décret n° 2005-1657 du 26 décembre 2005

Official Journal: JORF n° 301 du 28 décembre 2005

Sources

Décret n° 2005-1657 du 26 décembre 2005 relatif aux taux de la cotisation d'assurance vieillesse (JORF n° 301 du 28 décembre 2005, copie admi.net)Official

28 December 2005

Procedure timeline

Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.

100%

2 / 2 steps

Completed

1 January 2006

Entry into force

Application

Immédiate ou à la date prévue

Applicable aux rémunérations versées à compter du 1er janvier 2006 (art. 3).

Source

Completed

28 December 2005

Publication in Official Journal

Publication

Publication du décret n° 2005-1657 du 26 décembre 2005 au JORF n° 301 du 28 décembre 2005.

Source